Bloomberg reports that Disney made the offer earlier this week to the Service Trades Council, a consortium of six labor groups representing more than 30,000 Disney World workers.
New full-time hourly employees at the park currently earn a wage starting at $8.03/hour, about 75 cents more per hour than the federal minimum wage. The offer from Disney to the unions would gradually increase that amount to $10/hour by July 2016, which is just shy of the $10.10/hour being proposed by President Obama and some legislators.
At the same time, these new employees would no longer be offered a standard pension, but would instead receive a 3% company match in a 401 (k) retirement plan.
The Council says it is “very pleased” with the pay increase offer but plans to oppose the change to the pension policy for new workers.